- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 46. Understanding Fixed-Income Risk and Return
- Subject 2. Macaulay, Modified and Effective Durations
CFA Practice Question
Option-free bonds are primarily characterized by ______ between ______ and price.
A. a direct relationship; yield
B. a direct relationship; maturity
C. an inverse relationship; yield
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